V.K. Industrial Corporation Ltd. is one of India's largest importers and power house of versatile steel products. VKICL was established in the year 1985 and since then it has been engaged in the business of trading and supplying quality boiler plates, high tensile plates, mild steel plates, chequered plates, hot rolled coils, cold rolled coils and wirerods in different grades. It is one stop solution to major steel requirements.

Thursday, 13 October 2016

Chabahar Port deal: An advantage for the Indian Steel Market.

It is for
the first time that India has such keen interest in developing an international
port, all owing to its strategic location and the trade routes it opens up for
International trade.

The
development of the Chabahar Port is estimated to be a breakthrough for opening
up new trade routes for trade and establish a healthy network and market in
West Asia.

These new
route would facilitate new trade markets which would cater to the complete
region. Also, considering the fact that the Nations in these regions are still
developing and going through an industrial phase, the demand of steel from the
international market would see a visible surge for construction and developing
the infrastructure.

As the new
port will directly cater to Iran, India expects to see an increase in trade
from this region as it will have direct access and connect it to other major
ports.

The Chabahar Port will be a game changer for India because it will
provide connectivity to Afghanistan, Iran and Eurasia, strategically
outflanking an intransigent Islamabad. It is also a counter to the
China-Pakistan Economic Corridor (CPEC). Foreign minister Sushma Swaraj’s
interest in connecting Iran’s Mashhad, near the Caspian Sea, with Zahedan, next
to the Afghanistan border, via an India-built 900-km rail line with the
Chabahar Port will unlock a new gateway to Central Asia and Europe, bypassing
the Pakistan-China arc.

For both, developing the port and constructing the railway line, the
projects would demand for a lot of steel imports from the international steel
market from these region.

The bilateral agreement to develop the Chabahar port and related
infrastructure, and availability of about $500m from India for this purpose, is
an important milestone. This major effort would boost economic growth in the
region and accelerate the rate of development for the neighbouring countries.